The net apprenticeship outlook (NAO) soars to 56% for the current half-year (Jan–Jun 2022) – an increase of 11% over the previous half-year. Around 72% of employers are likely to increase their hiring of apprentices in January-June 2022, up from 64% in the previous Half Year (HY) and 58% in Jan – Jun 2021, the findings of the latest TeamLease “Apprenticeship Outlook” have revealed.
Despite the recent Omicron wave as many as 10 out of a total of 18 sectors improved their outlook by 10% or more for the half-year. Engineering records the highest heat apprenticeship outlook (82%) for the HY, followed by Automobile & Ancillaries (74%) and Retail (70%).
Automobile and Agriculture witness the most significant HY-on-HY growth (16% and 15% respectively) amongst all sectors, followed by Telecommunication & BFSI (14% HY-on-HY growth each).
Large businesses ramped up NAO by 20% to 80%, followed by Medium-sized businesses (NAO of 58%, 16% growth). Small businesses showed an NAO of 32%, 9% growth.
Chennai topped among the cities with 75% NAO (a 10% growth) followed by Ahmedabad with 72% (3% growth) and Delhi with 70% (12% growth).
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“When it comes to adoption of apprenticeship in India, the last five years have been very rewarding. Employer sentiment has drastically improved, with more employers coming to the forefront and hiring more apprentices. The finding of the report that 72% employers will hire more this fiscal is fortifying the sentiment further, and indicating that the adoption is here to stay and grow,” said Sumit Kumar, Vice President – NETAP, TeamLease Skill University.
The positivity is not restricted to employers, more aspirants now look at apprenticeships as a beneficial method to enter formal employment. They have understood the merit of apprenticeships in enabling them to earn as well as study, thus giving them the necessary experience and increasing their chances of getting a formal job, added Kumar.
To further scale apprenticeships in India to their true potential, it is important to create a framework for faster adoption and implementation of apprenticeships programs, he added.
The New Education Policy has laid the foundation for this already. “We need to fast track NEP and ensure that there is better preparedness amongst employers and academia to adopt apprenticeships. A tripartite association between academics, industry, and youth will go a long way in boosting these programs. We have the potential to reach 10 million apprentices in 10 years, provided necessary actions are undertaken,” he said.
